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Dec 23, 2012
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the plan was to keep a viable auto industry and keep people employed and worked beautifully, and a defense contractor. it's a miracle that we made money on some of them. >> we really didn't make money on them. i know they have the announcements out, you know, citigroup paid back and goldman paid back and remember how they made money? they rigged the system. they took interest rates to zero, and qe1, 2, 3 and 4, but that comes out-- that's like saying, i can make money if you just give me money and i can borrow t zero. absolutely rigged system. >> agree charlie and make money, and still made money. charlie, they still made money and we were not expect-- >> that's all-- >> and you're both right in your respective position, but gerri willis, to echo something charles said at the outside, we went from too big to fail to too many not to help and precedent is we'll do it again and again and again. >> they owe us 7 billion dollars and give us our 7 billion back. even if you're in favor of the gm bailout they put out a truck on the road that the hood latch doesn't work, that's being recalled. how
the plan was to keep a viable auto industry and keep people employed and worked beautifully, and a defense contractor. it's a miracle that we made money on some of them. >> we really didn't make money on them. i know they have the announcements out, you know, citigroup paid back and goldman paid back and remember how they made money? they rigged the system. they took interest rates to zero, and qe1, 2, 3 and 4, but that comes out-- that's like saying, i can make money if you just give me...
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Dec 28, 2012
12/12
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those things will continue to pressure defense. any plan will have to involve some defense cuts. that will see pressure as well. we're concerned about the broad economic story industrials, materials, that's where i'm concerned. >> here's the time line, 5:30 p.m., the white house is going to have a conference call with ceos. at 5:45 p.m., president obama will make a statement. meantime we're asking will all of this hurt the united states credit rating? we'll have shawn eekin when we come right back. stay tuned. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. fr
those things will continue to pressure defense. any plan will have to involve some defense cuts. that will see pressure as well. we're concerned about the broad economic story industrials, materials, that's where i'm concerned. >> here's the time line, 5:30 p.m., the white house is going to have a conference call with ceos. at 5:45 p.m., president obama will make a statement. meantime we're asking will all of this hurt the united states credit rating? we'll have shawn eekin when we come...
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Dec 25, 2012
12/12
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made because the recessca appointments are invalid.igh here to weigh in, legal analyst and, criminal defense attorney. i want to go to you first. at the end of the day this whole thing is just an argument about> was the senate in session or was it not? >> the president may have skirted the law little bit like sidelining it, but did they cross over theine? no. does this happen all the time?li yes. itss does. t >>he the skirted the law like im wearing a skirt. gerri: that would be known. >> let's take a step back and design for this was to do. the founding fathers said look, if you have to make a temporaryr appointment, the senate confirmm it, we will not drag the senate back in, so mr. president do what you have to do, goes for the convenience of the senateth not to screw the senate which is what the president is doing.we gerri: this is a family show. was a president trying to get around the senate? do something a senate did not like? >> he may have skirted, but he did not go over the line. so legally it is proper. you can't argue with that. >> they killed it, he threw it out the window. beca
made because the recessca appointments are invalid.igh here to weigh in, legal analyst and, criminal defense attorney. i want to go to you first. at the end of the day this whole thing is just an argument about> was the senate in session or was it not? >> the president may have skirted the law little bit like sidelining it, but did they cross over theine? no. does this happen all the time?li yes. itss does. t >>he the skirted the law like im wearing a skirt. gerri: that would be...
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Dec 24, 2012
12/12
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the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. you would expect some changes in the stock price. even if the total level of market to the change that much, individual pieces may be affected disproportionately. for some it will be a problem, for others, it will seem like a buying opportunity. host: let me go back to some of the comments that you made earlier. this is found on line at the politico. pointing out a few things, first of all, the president expressing impatience during his remarks before leaving for hawaii. john boehner failing to get enough support to extend the bush era tax cuts on incomes below $1 million. the president says he is willing to negotiate, but after the action on friday, things move to the senate but the outlook is grim. guest: i think we will fix it sometime in january. it is hard to see exactly how you get there from here. host:
the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. you would expect some changes in the stock price. even if the total level of market to the change that much, individual pieces may be affected disproportionately. for some it will be a problem, for others, it will seem like a buying opportunity. host: let me go back to some of the...
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Dec 25, 2012
12/12
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defense and interest. the ones grown the most are medicare and medicaid. we have to do something to stop the increase in the amount or it will swallow the rest of the budget. continuing to run these huge deficits. gerri: it will take over our budget, the only thing we pay for. as you pointed out, the services found we can't even get the front portion of this right. this is a topic you're very interested in. we're trying to find fraud and found 20 million in overpayment. what is wrong with the system here? >> it is the bureaucrats implementing what is a good law. what we did was follow the credit card industry does. many of your viewers have had transactions on the credit card for the credit card company called and said there is a fraud alert on your card, did you really do that transaction? that is computer modeling looking at your spending habits and sees if they're in the normal course of your spending and if they are not, the computer puts up the red flag and they check with you and if you say no, they don't pay. but to something working in the private
defense and interest. the ones grown the most are medicare and medicaid. we have to do something to stop the increase in the amount or it will swallow the rest of the budget. continuing to run these huge deficits. gerri: it will take over our budget, the only thing we pay for. as you pointed out, the services found we can't even get the front portion of this right. this is a topic you're very interested in. we're trying to find fraud and found 20 million in overpayment. what is wrong with the...
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Dec 28, 2012
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a little bit more when you leave defense in there. we have to cut spending. why won't the president say look, we have to cut spending. it's like social security. we paid in all these years. people paid madoff. >> you're 100% right. revenues go up every year but spending goes up more. craig smith, thank you very much. >>> it's been almost a full hour, almost a full hour since the white house meeting started. ed henry at the white house on what we can glean from there. for an hour. we're 55 minutes into the meeting. is that a good sign or a bad sign? >> it could be a good sign. it's hard to tell but i will note previous times that the president had just speaker boehner over, those meetings would last 45, 50 minutes. now the fact we're getting on to an hour, maybe it will end in the next 30 seconds and my theory will be blown but if it lasts 30, 40 minutes more that would suggest it's going longer in the sense they're kicking proposal back and forth. the previous meetings between the president and speaker seemed seemed -- if this goes longer it's a sign they're
a little bit more when you leave defense in there. we have to cut spending. why won't the president say look, we have to cut spending. it's like social security. we paid in all these years. people paid madoff. >> you're 100% right. revenues go up every year but spending goes up more. craig smith, thank you very much. >>> it's been almost a full hour, almost a full hour since the white house meeting started. ed henry at the white house on what we can glean from there. for an hour....
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Dec 22, 2012
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because they're republicans, and therefore, only republicans should run defense even when a democrat is president. but there is also this one very specific criticism of chuck hagel individually. it's not a general criticism. it's about his record. back when it was mr. hagel who had the power to confirm presidential nominees or deny them, back when he was a united states senator, mr. hagel stood in opposition to president clinton's nominee to be the ambassador to luxembourg, a man named james hormel. senator hagel explained at the time that he was oppose odd to the nomination because mr. hormel was guy. he said to his hometown paper that ambassadors, quote are, representing america. they're representing our lifestyle, our values, our standards. and i think it is an inhibiting factor to be guy openly, aggressively guy like mr. hormel to do an effective job. chuck hagel said that in 1998. today he took it back, releasing a statement to the "washington post" calling his own words back then insensitive, saying they did not reflect the totality of his views or public record. he apologized
because they're republicans, and therefore, only republicans should run defense even when a democrat is president. but there is also this one very specific criticism of chuck hagel individually. it's not a general criticism. it's about his record. back when it was mr. hagel who had the power to confirm presidential nominees or deny them, back when he was a united states senator, mr. hagel stood in opposition to president clinton's nominee to be the ambassador to luxembourg, a man named james...
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Dec 23, 2012
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the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. from the reductions. under those circumstances, you would expect some changes in the stock price. even if the total level of market to the change that much, individual pieces may be affected disproportionately. for some it will be a problem, for others, it will seem like a buying opportunity. host: let me go back to some of the comments that you made earlier. this is found on line at the politico. pointing out a few things, first of all, the president expressing impatience during his remarks before leaving for hawaii. john boehner failing to get enough support to extend the bush era tax cuts on incomes below $1 million. the president says he is willing to negotiate, but after the action on friday, things move to the senate but the outlook is grim. guest: i think we will fix it sometime in january. it is hard to
the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. from the reductions. under those circumstances, you would expect some changes in the stock price. even if the total level of market to the change that much, individual pieces may be affected disproportionately. for some it will be a problem, for others, it will seem like a buying...
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Dec 30, 2012
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. >> across the board defense and nondiscretionary. >> i agree there's no more trust between speaker boehner and president obama. >> that's the other dog not barking here, is how small expectations are become here. how little deficit reduction will happen here. >> none, right? by the way, aren't taxes going up anyway? >> true. >> what people don't know or what we haven't focused on here, nobody is talking about keeping taxes low on social security. >> right. the payroll tax, the extension of the holiday in effect is not even on the table at this point. >> right. my question is, could this be an ongoing battle where you see a series of skirmishes in the new year over the debt ceiling and over another budget because it's an ideological tug-of-war that will eventually break and they're just fighting for it now, but it's a huge battle of ideas that maybe they have to fight over for a while. >> it is. you're right, jessica. i think the speaker at heart -- it's not about necessarily his caucus to vote. he does not believe that raising taxes on people making more than $250,000 is a good eco
. >> across the board defense and nondiscretionary. >> i agree there's no more trust between speaker boehner and president obama. >> that's the other dog not barking here, is how small expectations are become here. how little deficit reduction will happen here. >> none, right? by the way, aren't taxes going up anyway? >> true. >> what people don't know or what we haven't focused on here, nobody is talking about keeping taxes low on social security. >>...
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Dec 28, 2012
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only just because they rely heavily on government contracts, what goldman sachs said, it's not just defense, but health care, you know, environmental waste services, and fidelity says, watch out, banks are going to get, of course, hurt too. mia activity is off 20% because they -- the capital investment, the capital spending is not there. you know, rich edson has been reporting this that, you know, it's hanging right now on the house. there's more than a dozen seats that the democrats hold in the senate that are -- those guys are in the red states so if they vote for any type of tax hikes with the midterms coming up, those senate democrats are looking for cover from the house. house moves first to give them political cover. then you go over the cliff, this is the chatter on wall street, and early in january, first few weeks of january, rich herd heard it too, there's a deal, everybody is a victor. whether or not the tax hikes hit the $250,000 crowd is the big question mark because that is solidly middle class, and midterms, nobody says it's a hit for the upper bracket. it's a middle class ta
only just because they rely heavily on government contracts, what goldman sachs said, it's not just defense, but health care, you know, environmental waste services, and fidelity says, watch out, banks are going to get, of course, hurt too. mia activity is off 20% because they -- the capital investment, the capital spending is not there. you know, rich edson has been reporting this that, you know, it's hanging right now on the house. there's more than a dozen seats that the democrats hold in...
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Dec 27, 2012
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in fact, the defense department, the irs and other government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in january could theoretically restore extended benefits, the immediate damage will have already been done. for many people, this is all an interesting charade. but for the unemployed it's the real deal. get your cell phones out, i want to know what you think. tonight's question, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house will they reconvene before january? they have a lot of stuff to do, so clearly they can't make it back to d.c. to do the people's business. >> as you said a few minutes ago, we have been assured we would be given at leas
in fact, the defense department, the irs and other government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in january could theoretically restore extended benefits, the immediate damage will have already been done. for many people, this is all an interesting charade. but for the unemployed it's the real deal. get your cell phones...
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Dec 30, 2012
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you go back to the clinton tax rates and make some significant cuts and you cut the defense department, which hasn't been cut in 30 years. >> maggie, looks like we will get exactly what the governor just -- i mean assuming they get -- and what was your take listening to schumer and kyl? >> my take was there has not been that much progress. my take on labrador -- >> they sounded so optimistic. because that's where the deal >> well, they did. they both did because that's where the deal is being discussed in the senate. with the discussion with the house members that i found much more contentious and sort of interesting about where we are and that i think is of real concern. i do think that some senate democrats and some liberal members of the house would like to see the cliff gone over. they think that is the best way to press a reset. i don't think that is where the president is. i really don't. i think that's what he is saying publicly but his second track, i need a deal for all the reasons -- >> if we go over the fiscal cliff, he can blame the republicans and he can do the tax cuts on
you go back to the clinton tax rates and make some significant cuts and you cut the defense department, which hasn't been cut in 30 years. >> maggie, looks like we will get exactly what the governor just -- i mean assuming they get -- and what was your take listening to schumer and kyl? >> my take was there has not been that much progress. my take on labrador -- >> they sounded so optimistic. because that's where the deal >> well, they did. they both did because that's...
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secretary of defense pennetta didn't have a concussion so where is his testimony? let me ask you one other question. senator kerry has been nominated for secretary of state. he's the chairman of the senate foreign relations committee. so is he going to chair this when they do of it? >> i don't know. you asked me a good question, does he have a conflict of interest. people would second guess was he too tough, not tough enough. that's something john needs to think about, whether or not to lead that hearing. but she'll of it and i want to know did she know about all the attacks before september 11th, the april and june attack? and i want to know if it's true that susan rice said the reason she went on tv, susan rice, on the 16th of september, not hillary clinton, was because secretary clinton was tired in counseling people who were grief stricken. >> she told you that? >> she told the world on nbc news. i'm very curious about that. we don't know anything about the president's leadership. i promise your viewers this, before you can close the final chapter on benghazi,
secretary of defense pennetta didn't have a concussion so where is his testimony? let me ask you one other question. senator kerry has been nominated for secretary of state. he's the chairman of the senate foreign relations committee. so is he going to chair this when they do of it? >> i don't know. you asked me a good question, does he have a conflict of interest. people would second guess was he too tough, not tough enough. that's something john needs to think about, whether or not to...
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Dec 27, 2012
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i pay zero attention to the department of defense. but it will be someone who has a lot on their play with don't ask don't tell, afghanistan for 2013. >> jimmy, great to see you. alex is coming your way next. what's coming up? >> thanks, thomas. we have the latest on how the fiscal deal could get done and why house republicans could think their best bet is to take their ball and get home. we will walk the cliff. tom ronafaruhar and ben white. plus, one man could hold the key to a successful second term for president barack obama. senator jeff murphy will join us to explain why before the senate does anything, it has to reform the fill la buster. and we will look at this debate that has been prompted by the movie "zero dark 30" with professor, author, and emmy award winner. all that starts in just three minutes.
i pay zero attention to the department of defense. but it will be someone who has a lot on their play with don't ask don't tell, afghanistan for 2013. >> jimmy, great to see you. alex is coming your way next. what's coming up? >> thanks, thomas. we have the latest on how the fiscal deal could get done and why house republicans could think their best bet is to take their ball and get home. we will walk the cliff. tom ronafaruhar and ben white. plus, one man could hold the key to a...
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Dec 29, 2012
12/12
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we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypassing house speaker john boehner who had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell to work out a deal and then present it to a house. he also laid out a scaled down mini deal if the
we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning...
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Dec 28, 2012
12/12
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we're no different than people in defense and deation, and the hospital industrial complex. everybody wants to pay less and get more. we have to get real in this country. we need to challenge expenses and make sure we're paying as we go. >> governor, always good to see you, sir. thank you for joining us. >> the fiscal cliff is at our doorstep, the fate of our nation is in washington's hands. >> some final thoughts how to manage your money in these dicey times. i can't wait to hear what's going to be said as well, coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident i
we're no different than people in defense and deation, and the hospital industrial complex. everybody wants to pay less and get more. we have to get real in this country. we need to challenge expenses and make sure we're paying as we go. >> governor, always good to see you, sir. thank you for joining us. >> the fiscal cliff is at our doorstep, the fate of our nation is in washington's hands. >> some final thoughts how to manage your money in these dicey times. i can't wait to...
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Dec 28, 2012
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by and large entitlements are left alone which has been to be dealt with at some point, big cuts in defense. we haven't seen that in 30 years. we go back to paying the taxes when bill clinton was president of the united states and the economy was a hell of a lot better when bill clinton was president than it is today. i don't think the fiscal cliff is all that bad a deal looking at it from the point of view of a progressive democrat. it's not perfect, but i worry about ceos that are funding fix the debt because, you know, they got us into this in the first place. i don't have a lot of faith in their ability to get us out. one more thing, you know, if there's a deal between the democrats and the republicans, i guarantee you the democrats and the republicans will make out just fine. i'm not so sure about the american people. >> governor rendell -- thanks governor dean for that one. i want to pick up on something you said about kicking the can down the roads. one of the things that had been an issue had been taking the debt ceiling conversation off the table. republicans want to keep it as a p
by and large entitlements are left alone which has been to be dealt with at some point, big cuts in defense. we haven't seen that in 30 years. we go back to paying the taxes when bill clinton was president of the united states and the economy was a hell of a lot better when bill clinton was president than it is today. i don't think the fiscal cliff is all that bad a deal looking at it from the point of view of a progressive democrat. it's not perfect, but i worry about ceos that are funding fix...
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Dec 28, 2012
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it's not just defense companies. it's also other companies that get a lot in the way of government contracts, and there's companies here, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties to scare people, get rate, and, perhaps bring about policy that's not true. look at the companies, the fact that the government -- look at the contracts that would be canceled, those are people who would lose jobs in several months. the recession that the cbo is legitimate looking at that list. >> that's right, adam. it's interesting because it flushes out what companies basically operate on the
it's not just defense companies. it's also other companies that get a lot in the way of government contracts, and there's companies here, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover...
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Dec 22, 2012
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certain public schools they're not armed well enough, perhaps and that they do need to have proper defense. so for instance, the department of education study shows that public schools around the country, 28% have a firearm, and 22% a chemical spray and 17% have a stun gun on firepower alone when you look at these tragedy, unfortunately, even when you do have a police and security at those locations they're severely, severely overmatched when it comes to firepower. >> well, i think it shows in columbine, just for example, even there that having armed police officers at the scene at the school didn't stop that attack from happening. look, i have the utmost respect for men and women in uniform who every day put their lives on the line to protect all of us and i'm grateful for their service, but with security and police having them in the schools isn't the primary answer for protecting our children and it's about preventing people from getting these assault weapons in the first place and we can do that most effectively by passing assault weapons ban and eliminating these extended gun clips as
certain public schools they're not armed well enough, perhaps and that they do need to have proper defense. so for instance, the department of education study shows that public schools around the country, 28% have a firearm, and 22% a chemical spray and 17% have a stun gun on firepower alone when you look at these tragedy, unfortunately, even when you do have a police and security at those locations they're severely, severely overmatched when it comes to firepower. >> well, i think it...
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Dec 28, 2012
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three and some are doing it for investment purposes, some punch with them and some use it for self-defense. stuart: have you ever seen anything like this before? am i right in saying your sales this year are double what they were at? >> combined they are. you saw an increase in 2009 but not like this. stuart: what about handguns? >> those with ten around plus. stuart: how do you feel about selling that kind of weapon? >> i think it is our right to buy them. the government has taken steps to fill out paperwork to own them. not just people walking off of the street without being checked. stuart: we appreciate you being with us. that is important information that is appreciated. almost out of time but we have time for the highlight reel which is next. >> it's the highlight reel, the outrage wheel. mr. putin banning american adoptions because america criticized the human rights record. >> outrage, regardless of obama, there's opportunity for people who live here. >> all hypedded up here. >> like a political poker chip. you want to live in russia wheee poverty rates are soaring or the u.s.? it'
three and some are doing it for investment purposes, some punch with them and some use it for self-defense. stuart: have you ever seen anything like this before? am i right in saying your sales this year are double what they were at? >> combined they are. you saw an increase in 2009 but not like this. stuart: what about handguns? >> those with ten around plus. stuart: how do you feel about selling that kind of weapon? >> i think it is our right to buy them. the government has...
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Dec 28, 2012
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there are all these indiscriminate cuts that happen across the board and they happen in defense and in medical as well. how much are those providing services to those sectors of the economy. >> one is my sister. she's a doctor and runs two medical practices here in the philadelphia area and she's a small business owner and it will hit her pretty hard because medicaid payments will be cut. people in other industries, particularly like you had said, tied to defense, those people will be hurting as well. however, if you're in the accounting business, what with the increase of taxes not such a bad year for you next year so it depends on what kind of business you're in. >> oh, yeah. if you prepare tax filings you're going to -- it's great, right? the more complicated the taxes get the better it is for you. it's terrible. >> you got it. legal profession, if you're in temporary services because people want to hire, not such a bad year for you or if you provide some type of technology services that will save companies money or reduce their overhead also not such a bad outlook. it happeneds on
there are all these indiscriminate cuts that happen across the board and they happen in defense and in medical as well. how much are those providing services to those sectors of the economy. >> one is my sister. she's a doctor and runs two medical practices here in the philadelphia area and she's a small business owner and it will hit her pretty hard because medicaid payments will be cut. people in other industries, particularly like you had said, tied to defense, those people will be...
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Dec 28, 2012
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because the only thing the house managed to pass last week was a bill that restored the sequester cuts to defense and which did some incredible damage to social programs by getting rid of the social services bloc grant meaning meals on wheels eliminated and things like that. that was essentially a bill that dealt with spending. the house has proposed extending all of the bush tax cuts for all income levels. that is something that cannot pass the senate. so i'm not sure what boehner thinks is going to be amended in the senate because the whole thing would be scrapped. the senate bill that was passed in july was sort of a clean bill. it was flawed in the sense that it didn't deal with the alternative minimum tax and some other things, but it extended the rates for everything under $250,000. that's the bill that the president wants to see an up or down vote in the house. again, even if the house were to vote on that bill, it would still have to go bab to the senate because the house has to act first. so it's just a mess. >> okay. thanks, joy. thanks, leigh. thanks for sticking around. stay tuned at
because the only thing the house managed to pass last week was a bill that restored the sequester cuts to defense and which did some incredible damage to social programs by getting rid of the social services bloc grant meaning meals on wheels eliminated and things like that. that was essentially a bill that dealt with spending. the house has proposed extending all of the bush tax cuts for all income levels. that is something that cannot pass the senate. so i'm not sure what boehner thinks is...
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Dec 26, 2012
12/12
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we will certainly see a lot less economic activity, and particularly in the military sector, i think defense procurement will ground to a halt, and that will have, again, an impact on the economy and it will be deleterious. david: let's talk about the politics of some of this. >> sure. david: nancy pelosi -- i very rarely agree with her as you well know. >> i do know. david: but she said something i kind of agree with. she was talking about the republicans. she was defending her comment last may that taxes should only go up on people earning a million dollars. she's come down now to the president's level of 400,000. but she said -- she counter attacked as she often does, she said republicans have already become a little bit pregnant on their tax plans that they're never going to ever raise tax rates. i would have to agree with her. once boehner went off his cliff, if you will, on his pledge not to raise tax rates believing as you just suggested if you raise tax rates, you will probably have a slowdown in economic growth. once they went off that cliff -- what do you think? >> well, i agree wi
we will certainly see a lot less economic activity, and particularly in the military sector, i think defense procurement will ground to a halt, and that will have, again, an impact on the economy and it will be deleterious. david: let's talk about the politics of some of this. >> sure. david: nancy pelosi -- i very rarely agree with her as you well know. >> i do know. david: but she said something i kind of agree with. she was talking about the republicans. she was defending her...
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Dec 26, 2012
12/12
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the defense department, leon panetta likely to step down. chuck hagel has been the leading contender we're told but now is running into interference from groups, including chuck schumer, who is expressing concern and former republican senator is the right guy. this is playing out like the susan rice situation, the u.n. embassador who never got nominated but there was criticism to the president pulled it back. john kerry getting that nomination. there's frustration among the president's supporters that he's leaving names out and not moving ahead but the fiscal cliff negotiations are dominating his time. >> the fiscal cliff and diamond head in the background and waikiki beach. ed, safe trip home. >>> joining us, from u.s. news and world report, ken walsh. who is going to come to the rescue, anybody? >> looks like there's a road block at every critical juncture point here. it looks like now the ball's in the senate's court, to mix met force. the house failed to get to a vote with speaker boehner's plan. it looks like the best they can do, reall
the defense department, leon panetta likely to step down. chuck hagel has been the leading contender we're told but now is running into interference from groups, including chuck schumer, who is expressing concern and former republican senator is the right guy. this is playing out like the susan rice situation, the u.n. embassador who never got nominated but there was criticism to the president pulled it back. john kerry getting that nomination. there's frustration among the president's...
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Dec 27, 2012
12/12
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and i secretary of defense i would like to buy the dog. i only have $100. he said well it's my friend's dog and he wants more money for this dog. >> she then called police. a veteran narin scanned the pooch for a microchip and tracked down the owner. police arresting the suspected chief. >> arizona. firefighters rescuing an. the man 60 years old fell and broke his arm -- plans to finish the journey this saturday in miami. california, a highway worker who put snow chains on tires came across a wedding band on a snow covered highway. now, he is looking for the owner. the worker says he saw the guy on the shoulder looking for the ring and slipped off putting chains on cars. with led's the highway worker found it he never expected to find it he never got the couple's name before he drove off. that's a fox watch across america. i'm harris faulkner in tonight for shepard smith. this is the fox report. we are monitoring the progress of a major winter storm being blamed for killing at least 6 people so far. this wintry monstrous mess has brought snow, freezey rain
and i secretary of defense i would like to buy the dog. i only have $100. he said well it's my friend's dog and he wants more money for this dog. >> she then called police. a veteran narin scanned the pooch for a microchip and tracked down the owner. police arresting the suspected chief. >> arizona. firefighters rescuing an. the man 60 years old fell and broke his arm -- plans to finish the journey this saturday in miami. california, a highway worker who put snow chains on tires...
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Dec 30, 2012
12/12
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we've already had a $480 billion cut that's taken place in the defense department. most experts who look closely at that cut believe there's too much risk in that. add $500 billion on top of that, borders on irresponsibility. and it cuts into our ability to provide national security and protect the treasures of the united states. what's going to happen here, it starts with people. the active duty pay would be protected. seven pay would not. -- c would not. they'll be furloughed, kept on the books but not work for a month or two and then eventually they would have to be significant reduction in force. also, and listen to this because the capabilities of the military would be decreased so much, the services, while they have active duty pay for the people, would find themself having to separate tens of thousands of people in addition to the civilian workforce and we'll hollow out the force. as peter mentioned, there would be hundreds of thousands of defense contractors let go. >> you're talking about peter morrisy, the economist who joined us. you give us dire circumst
we've already had a $480 billion cut that's taken place in the defense department. most experts who look closely at that cut believe there's too much risk in that. add $500 billion on top of that, borders on irresponsibility. and it cuts into our ability to provide national security and protect the treasures of the united states. what's going to happen here, it starts with people. the active duty pay would be protected. seven pay would not. -- c would not. they'll be furloughed, kept on the...
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Dec 23, 2012
12/12
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the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. you would expect some changes in the stock price. even if the total level of market to the change that much, individual pieces may be affected disproportionately. for some it will be a problem, for others, it will seem like a buying opportunity. host: let me go back to some of the comments that you made earlier. this is found on line at the politico. pointing out a few things, first of all, the president expressing impatience during his remarks before leaving for hawaii. john boehner failing to get enough support to extend the bush era tax cuts on incomes below $1 million. the president says he is willing to negotiate, but after the action on friday, things move to the senate but the outcome is grim. -- outlook is grim. guest: i think we will fix it sometime in january. it is hard to see exactly how you get the
the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. you would expect some changes in the stock price. even if the total level of market to the change that much, individual pieces may be affected disproportionately. for some it will be a problem, for others, it will seem like a buying opportunity. host: let me go back to some of the...
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Dec 28, 2012
12/12
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host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every program and activity must be cut by the same percentage. there may be some flexibility, but the understanding is that you have to go across the board and cut everything by the same amount, estimated to be about 9.4% in the case of the pentagon. host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the 30 -- like a fighter jet, that is on the table as well. host: military construction, what is that? guest of the money that the military spends to build the bases and various other facilities. ho
host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every program and activity must be cut by the same percentage. there may be some flexibility, but the understanding is that you have to go across the board and cut everything by the same amount, estimated to be about 9.4% in the case of the pentagon. host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt...
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Dec 28, 2012
12/12
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in salt lake city tried to help teachers there answer that question with free gun training and self-defense classes during holiday break. here is alex cabraro. >> reporter: steven pratt has never had a gun permit, lately he's wanted one. >> with the recent tragedy in connecticut, i realized it's time for me to act on that. >> reporter: pratt is a third grade teacher. his students are about the same age as those who died in connecticut. >> i just worried a little bit, what would i do as a teacher? how would i protect myself if fired upon? >> reporter: is not the only one asking those questions. hundreds of teachers, administrators, janitors, anyone involved in a school came to the maverick center in west valley. this class called the mass violence response training class was designed to teach them to fight back. >> i think it's important to have protection. >> reporter: the class wasn't just about guns and protecting yourself with a gun. but guns were a big part of it. >> people are tired of being victims. >> reporter: clark is a well-known shooting instructor in utah. he helped teach the cl
in salt lake city tried to help teachers there answer that question with free gun training and self-defense classes during holiday break. here is alex cabraro. >> reporter: steven pratt has never had a gun permit, lately he's wanted one. >> with the recent tragedy in connecticut, i realized it's time for me to act on that. >> reporter: pratt is a third grade teacher. his students are about the same age as those who died in connecticut. >> i just worried a little bit,...
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Dec 29, 2012
12/12
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and now it's a way of avoiding sequestration of the defense budget had proposed a really remarkable set of additional cup acts and means tested programs of one sort or another. i even saw the columnist in this lucid analytic reporters, david rogers at "politico" show his emotion in the course of writing about that. and of course we had yesterday a successful republican filibuster on the senate democratic plan for extending a lower student loan rate and financing it in a particular way. i noted in "new york times" that this is the 21st successfulsuesr republican filibuster in this congress. most of it is not a few of cose consequentialqu as the filibustr was in the first two years because there is a republican house in any case and democratic wishes from the white house ando senate are likely to be b realized. but the fact that it's been sobo commonplace and is taken for fr granted that in most press reports the word terror never is elevated to the story of because it's a procedural motion. it didn't.he 60 the 60 votes it needed. it shows you how much the filibuster has become so routine
and now it's a way of avoiding sequestration of the defense budget had proposed a really remarkable set of additional cup acts and means tested programs of one sort or another. i even saw the columnist in this lucid analytic reporters, david rogers at "politico" show his emotion in the course of writing about that. and of course we had yesterday a successful republican filibuster on the senate democratic plan for extending a lower student loan rate and financing it in a particular...
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Dec 29, 2012
12/12
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the taxes are too high, and anything associated with of the government accept for the defense department is counterproductive and democrats for their part that were once insurgence themselves are now a more diverse party, and they are a party that is protective of the government to some extent. especially the major elements of the inherited regime going back to teddy roosevelt and woodrow wilson continuing through franklin roosevelt and frankly richard nixon that has a good part of the domestic policy apparatus. they are realistic now. they are not filed by liberals wanting to socialize activities. it's a joke. the understand that the demographic forces at work and health care cost increases will make and they will be absolutely essential unstable and weekend overtime, so they are fully willing to engage in those negotiations. whenever i see a press report well, republicans say no new taxes and democrats say don't touch. and i said which democrats. the president isn't saying it. the leadership of the parties are saying it. they are perfectly prepared to negotiate. but since everyone unde
the taxes are too high, and anything associated with of the government accept for the defense department is counterproductive and democrats for their part that were once insurgence themselves are now a more diverse party, and they are a party that is protective of the government to some extent. especially the major elements of the inherited regime going back to teddy roosevelt and woodrow wilson continuing through franklin roosevelt and frankly richard nixon that has a good part of the domestic...
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Dec 29, 2012
12/12
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i've got tens of thousands of federal employees and a great deal of defense spending would be at risk. so if we don't suspend the sequester and it looks like this very small deal may not even achieve that, then i'd have to be a "no" vote. so if i had to guess right now, i don't think we're going to be able to reach a deal no matter how small it might be. of course, at the very best, all we would do is stumble forward for a couple more months until we hit the debt ceiling and then face another crisis which is really a crisis of confidence in the government. i just can't imagine that the american people can tolerate this much longer, but they're stuck with this congress for the next two years. i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five majo
i've got tens of thousands of federal employees and a great deal of defense spending would be at risk. so if we don't suspend the sequester and it looks like this very small deal may not even achieve that, then i'd have to be a "no" vote. so if i had to guess right now, i don't think we're going to be able to reach a deal no matter how small it might be. of course, at the very best, all we would do is stumble forward for a couple more months until we hit the debt ceiling and then face...
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Dec 28, 2012
12/12
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and what steps is the department taking, the defense department, taking now over this? >> reporter: well, it took this couple actually weeks to get access to the videotapes that they then saw showing their young child being abused by the day care workers bad enough. the army said they had to wait because there was a criminal case pending. but, look, these parents wanted the -- all the parents wanted the full information about what had happened to their children. i have now spoken to at least half a dozen parents who had children at this day care facility. you hear the same thing from them, that the army initially just simply didn't react fast enough. didn't tell them the full information about what was going on. it took several weeks. now the army does have a full investigation under way and as you pointed out, it has all led to president obama picking up the phone, calling the pentagon and saying, what on earth is going on. >> barbara starr, thank you very much. >>> you can watch barbara's entire report tonight on erin burnett out front 7:00 p.m. eastern here on cnn. >
and what steps is the department taking, the defense department, taking now over this? >> reporter: well, it took this couple actually weeks to get access to the videotapes that they then saw showing their young child being abused by the day care workers bad enough. the army said they had to wait because there was a criminal case pending. but, look, these parents wanted the -- all the parents wanted the full information about what had happened to their children. i have now spoken to at...
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Dec 28, 2012
12/12
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bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and social security and address the debt ceiling as well. host: these are two comments and they reflect the frustration in the country. how is the bickering back and forth solving anything fplgt all government spending should be on the table for spending reform. and the other viewer says obama and the other i had yots until the white house are doing what they do best, talk. guest: right after the election we heard them say the election is behind us, we can put down our swords and get down to doing the country's business. that evaporated within days and now we are back to where we were in the summer of 2011 where everyone is back in their corners blaming the other side and not making progress at all. businesses are refrenching and fam
bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and social security and address the debt ceiling as well. host: these are two comments and they reflect the frustration in the...
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Dec 28, 2012
12/12
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they're looking out beyond 2020, all these people retiring, providing defense costs more and more because of less efficiencies in government stuff so the calculus isn't good. it isn't good for us or anyone but there are things to do. there are a lot of things we can do better, more private infrastructure spending, improving our education system, making entitlement systems, means tested. >> shifting federal spending from consumption to investment as for the future. >> all right, ken thanks very much, and we'll be leaning on you for guidance over the course of the next few days. >>> who doesn't want a little eva longoria in her life. she's helping fellow latinas get a college education. are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> yesterday we brought you the shirtless matthew mcconaughey. today something the men at the desk can enjoy, eva longoria. alina cho is here with today's big stars big giving. >> you're thinking here
they're looking out beyond 2020, all these people retiring, providing defense costs more and more because of less efficiencies in government stuff so the calculus isn't good. it isn't good for us or anyone but there are things to do. there are a lot of things we can do better, more private infrastructure spending, improving our education system, making entitlement systems, means tested. >> shifting federal spending from consumption to investment as for the future. >> all right, ken...